Disclaimer: The $Z token is not currently live. Please follow our Twitter & Discord for official communications.

Overview

As outlined in the $Z token whitepaper, $Z will have a fixed total supply of 1 billion tokens.

8% of the total supply will be distributed to traders via an initial airdrop.

• 7% of the supply (70 million tokens) is allocated to traders based on their overall Z-Score;

• 1% of the supply (10 million tokens), is reserved for traders who are also active members of strategic Solana communities, based on the Z-Score accrued during the community airdrop battle.

Out of this 1%:

• 0.8% is divided among the eligible communities according to the allocations described in the following paragraphs.

• The remaining 0.2% is reserved as a bonus allocation for the top three communities who distinguish themselves on the trading battlefield.

We’re excited to reveal the eligible communities for this portion of the airdrop and an epic competition for traders to maximize their $Z allocation.

Traders, select your faction carefully and ready your arsenal of trading skills. The battleground is set, and the race for $Z glory starts now!

TL;DR

• Duration: the battle for the community airdrop started on May 8th, 10:00 UTC and will end on May 21st, 23:59 UTC.

• Exclusive to traders: The community airdrop is reserved solely for traders and only Z-Score accumulated during the competition will count. The Z-Score earned during the battle will add to any Z-Score already accumulated.

• Show your support: Pledge your allegiance wisely, your can only compete on behalf of one community.

• 0.8% community allocation: Traders who meet the eligibility criteria will receive a share of the $Z allocation designated for their community, proportional to the Z-Score earned during the competition.

• 0.2% bonus allocation: The bonus will be awarded to traders in the top three communities ranked by Z-Score, distributed proportionally based on the Z-Score contributed.

Eligible Communities & Allocations

The community airdrop is designed to reward members of our strategic partner communities who are also active traders on Zeta.

This approach offers dual benefits: on one hand, it directly rewards the real users of our platform; on the other hand, it recognizes the key role of our long-standing strategic allies, fostering collective growth for our communities as we continue to advance DeFi for a better financial future that is only possible on Solana.

0.8% Allocation

After choosing their favorite community, traders who meet the eligibility criteria will qualify to receive a portion of the $Z allocation set aside for that specific community. The amount of $Z distributed to each trader will be proportional to the Z-Score earned throughout the competition: more Z-Score = more $Z.

Eligibility Criteria by Partner

To join a community and start the competition, traders must meet specific requirements:

Don’t meet the criteria yet? You’re still in time! The eligibility snapshot will be taken at the end of the competition (May 21st, 23:59 UTC).

0.2% Bonus Allocation

At the end of the competition, the top three communities on the leaderboard ranked by total Z-Score earned will be eligible for a bonus allocation:

• 1M $Z for the #1 community

• 670k $Z for the #2 community

• 330k $Z for the #3 community

Once again, the bonus will be allocated to each trader based on the Z-Score contributed during the battle.

To summarize, the community airdrop, representing 1% of $Z's total supply, will be allocated as follows:

How to Battle for $Z

Ready to enter the battlefield and emerge as the hero your community needs? Follow these steps!

• Head to https://dex.zeta.markets/competition

• Join the community of your choice and get qualified.

• Unleash your trading skills and rack up as much Z-Score as possible to lead your community to victory before the the end of the competition (May 21st, 23:59 UTC).

The battle lines are drawn. Let the fight for $Z begin!

Relevant Sources

• Docs - Community Airdrop

• $Z token whitepaper